NAMS vs VLT: Correlation
NewAmsterdam Pharma Company N.V. (NAMS) and Invesco High Income Trust II (VLT) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAMS and VLT?
Across a 3-year window, the weekly returns of NAMS and VLT correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 321.4 %².
Within NAMS's tracked universe of 11 assets, VLT comes in at #5 by 3-year correlation. On 12-month performance NAMS holds a 10.8-point edge, +9.5% against -1.3%. One caveat on sizing: NAMS is 7.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NAMS vs VLT: side by side
| NAMS (NewAmsterdam Pharma Company N.V.) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | +9.5% | -1.3% |
| 5-year return | +177.3% | +12.4% |
| Volatility (ann.) | 74.2% | 10.0% |
| Beta vs S&P 500 | 1.73 | 0.47 |
| Max drawdown (3Y) | -45.4% | -13.4% |
| Market cap | $3.1B | – |
| P/E (trailing) | – | 13.9 |
| Dividend yield | 0.00% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAMS | VLT |
|---|---|---|
| 2022 | +11.8% | -20.9% |
| 2023 | +2.5% | +13.1% |
| 2024 | +130.1% | +17.3% |
| 2025 | +36.5% | +13.2% |
| 2026 | -23.6% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAMS and VLT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NAMS and VLT?
The NAMS/VLT correlation stands at 0.43 on a 3-year window (1 year: 0.38, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is VLT a good diversifier for NAMS?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nams-vs-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nams-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAMS correlations · VLT correlations
